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Solar PV Market In India Outlook Update Q2 2020

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Report Summary Indian government providing a 30-day extension beyond the lockdown period for renewable projects and allowing construction of renewable projects – a welcome move in favour of the solar industry

Solar PV Market In India Outlook Update Q2 2020


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    Indian government providing a 30-day extension beyond the lockdown period for renewable projects and allowing construction of renewable projects – a welcome move in favour of the solar industry

    MNRE has made its stance clear that they have no plans to slash its target of achieving 175 gigawatt of renewable energy capacity in the country by 2022 in the wake of the Covid-19 outbreak and the nationwide lockdowns. The government has been backing the renewable industry by providing permissions to project developers for starting construction work at there respective project sites and has also granted a 30-day extension beyond the lockdown period for renewable energy (RE) projects for completion of the renewable projects. The government has also given assurances to the players that the imports of raw material from China will also resume in a month’s period which will see incoming of raw materials for building renewable energy capacity of 6-7 GW, which are currently stuck in Chinese ports. The government is trying to provide the best possible scenario to the renewable projects developers for completing the renewable projects without any difficulty which help in the growth of solar sector in such testing times. 

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